There was an official approach by the Government of Canada and there was no response. So we're still waiting for a response on this. Panama even said at a recent meeting at a global forum where peer review takes place that they have never refused to enter into a tax information exchange agreement. What they have been doing so far is negotiating with countries that were prepared to sign a comprehensive double taxation agreement, but I think there are several countries like Canada that are only interested in a tax information exchange agreement.
So the issue of Panama is much broader than just Canada. A lot of countries will say to Panama that they want a tax information exchange agreement. Panama must be reflecting on that right now, because I think they will run out of countries that are prepared to sign the comprehensive double taxation agreement.